The starting point for all management and control processes is a rolling annual strategic plan, which also determines the Group’s long-term investment focus. This plan is used in turn to establish medium-term objectives for the Banking and Retail segments and for the different units and functions within the Group.
Budget targets are drawn up in response to the multi-year plan. They flow into each business unit’s operational planning, which then serves as a basis for the preparation of detailed budget targets and measures.
Operational planning also involves conducting a review of our risk and opportunities portfolio. This forms the basis of risk and opportunity management at Wincor Nixdorf and of the risk-based planning conducted for the Internal Audit. Monthly forecasts are produced in response to current profits and developments. This allows us to identify any departures from agreed targets at an early stage and to take prompt measures to ensure that those targets are still met.
IT systems are used to track all planning, control and reporting processes. The ongoing development and comprehensive integration of these information systems ensure the continuous management and control of all the Group’s business areas.
